At the 26th Universal Postal Congress (UPU) this fall, member countries voted to institute a new payment system for letters and small packages shipped by international mail. The Congress, which concluded October 7 in Istanbul, approved changes to the system known as Terminal Dues, by which postal operators exchange payment...

Executive Summary The U.S. Postal Service (USPS) lost $754 million in Q1 FY 2015 despite an increase in revenue. The loss is more than double the agency's $354 million deficit in Q1 FY 2014. However, it is significantly better than the $1.3 billion loss posted in the same period two years...